Note 9 - Dispositions

12 Months Ended

Aug. 31, 2017

Notes to Financial Statements

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

9.

DISPOSITIONS

During the

third

quarter of fiscal

2016,

the Company entered into a definitive stock purchase agreement

(the “Purchase Agreement”) pursuant to which the Company agreed to sell its market research business, consisting of Market Metrics LLC and Matrix-Data Limited (collectively “Market Metrics” or the “disposal group”) and associated assets (the “Transaction”). On

July 1, 2016,

FactSet completed the Transaction and received

$165.0

million in cash

, less estimated working capital and certain adjustments set forth in the Purchase Agreement, including a

$9.7

million bonus adjustment amount. The Company recognized a pre-tax gain on the sale of

$112.5

million in

fourth

quarter of fiscal

2016,

which is recorded within

o

ther

(expense)

income

in the Consolidated Statements of Income. In the

second

quarter of fiscal

2017,

the Company finalized the working capital adjustment and recognized a pre-tax loss of

$1.2

million within

other (expense)

income

in the Consolidated Statements of Income.

The Company assessed the Transaction and the disposal group and determined that the sale does

not

represent a strategic shift in i

ts business that has a major effect on its consolidated results of operations, financial position or cash flows. Accordingly, the disposal group is

not

presented in the consolidated financial statements as a discontinued operation. The results of the disposal group through the date the Transaction closed are reported within the U.S. segment (for Market Metrics LLC) and the European segment (for Matrix-Data Limited).